KUALA LUMPUR (Dec 22): RHB Retail Research said Ocean Vantage Holdings Bhd is currently consolidating laterally above the 21-day simple moving average line — it showed interest in surpassing the 24 sen mark during Thursday's intraday session.

In a trading stocks note on Friday, the research house said that in the event of a breakout, the sideways consolidation could transform to an upward trend, potentially advancing towards the 27.5 sen level, representing its 52-week high, followed by an immediate resistance at 31 sen.

“On the flip side, a drop below the 21 sen support would indicate a potential downtrend,” it said.